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If you have a joint checking acct and one person writes a bad check will they go after both?
Wiki User
∙ 15y ago
Yes.
Wiki User
∙ 15y ago
It depends on the policies of the bank and the terms of the joint checking account. In some cases, both account holders may be held responsible for any overdraft or bounced check fees. It is important to communicate and resolve the issue with your bank as soon as possible to avoid any negative consequences.
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Is it forgery if a spouse writes a check out of a single account?
It depends: a. No - If the spouse writes a check out of a single account held by the person writing the check b. Yes - If the spouse writes a check out of a single account that is held by their spouse and the person writing the check is not a joint owner of the account. To be simple: Writing a check from an account that is not held by the person writing the check is a crime.
Joint checking account do both have to sign check?
no
Do I as a joint person on a checking account have the right to the check book One of the owners of this account has another person with power of attorney handling the account?
Yes. As a joint owner of the account you have as much right to the account as the other joint owner.
What about if husband authorizes wife to sign check and puts it in a joint checking account?
then it would be okay
Can one person remove the other persons name from a joint checking account?
No, they cannot.
Can I add another person to my checking account?
Yes, a member can add anyone, age 18 or older, as a joint owner to his/her account. As long as the joint individual is eligible for a checking account through the credit union or bank. This person has total access to do transactions on only the specific account they are joint on.
Can you be on a joint checking account with bad credit?
You can be, although it will be undesirable to the person you're sharing the account with.
What happens to a Joint checking account is formed one person dies does the other have the right to that money?
yes they do
If your name is on a joint checking acct. can you write checks if they're imprinted in the other person's name?
Yes
When one party writes a bad check does it go against both parties whose names are on the check?
Only in the sense that the joint account will be penalized for amount and penalties involved.
Can one signature deposit a joint check?
If the check says you or the other person. If the check is made out to you and the other person both of you need to sign it.
What is the meaning of the word or when it appears on checking account?
It means it is a joint account and either party can sign a check. If the word "and" appears, the check requires the signatures of both parties.
